SBI General Insurance Branch Development Manager Salaries by 20+ Employees (Updated 2024)

3 - 8 years exp.

₹2.5 Lakhs - ₹4.5 Lakhs

Salary of majority employees

32% less than the average Branch Development Manager Salary in Insurance Companies for 3 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Development Manager Salary 3 - 8 years exp. (10 salaries)	₹2.5 L/yr - ₹4.5 L/yr
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Sales & Business Development Branch Development Manager Salary 3 - 6 years exp. (7 salaries)	₹2.6 L/yr - ₹4.5 L/yr

Last Updated: 4 Dec 2024

Companies similar to SBI General Insurance for Branch Development Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Branch Development Manager Salary 5 - 15 years exp. (4 salaries)	₹4.5 L/yr - ₹5.5 L/yr 48% more
SBI Life Insurance Company Branch Development Manager Salary 4 - 9 years exp. (49 salaries)	₹2.5 L/yr - ₹5.8 L/yr 23% more
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HDFC Life Branch Development Manager Salary 1 - 8 years exp. (16 salaries)	₹2.4 L/yr - ₹4 L/yr 12% less
Care Health Insurance Branch Development Manager Salary 10 - 14 years exp. (8 salaries)	₹6.8 L/yr - ₹8.1 L/yr 103% more
Max Life Insurance Branch Development Manager Salary 4 - 8 years exp. (5 salaries)	₹5.2 L/yr - ₹7 L/yr 77% more
Aditya Birla Sun Life Insurance Branch Development Manager Salary 5 - 12 years exp. (5 salaries)	₹3.6 L/yr - ₹4.5 L/yr 13% more
Bajaj Allianz Life Insurance Branch Development Manager Salary 1 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 54% more
Shriram Life Insurance Branch Development Manager Salary 5 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹3.3 L/yr 19% less
Aditya Birla Health Insurance Co Branch Development Manager Salary 3 - 6 years exp. (4 salaries)	₹3.9 L/yr - ₹4.5 L/yr 22% more
Reliance Nippon Life Insurance Branch Development Manager Salary 3 - 12 years exp. (3 salaries)	₹4 L/yr - ₹5 L/yr 35% more
Cholamandalam MS General Insurance Branch Development Manager Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.8 L/yr 4% less
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Branch Development Manager salary at SBI General Insurance ranges between ₹2.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 27 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Branch Development Manager salaries

Last Updated: 4 Dec 2024

Experience	Avg Annual Salary
3 years (6 salaries)	₹2.5 L/yr - ₹4 L/yr
4 years (9 salaries)	₹2.5 L/yr - ₹4.2 L/yr
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5 years (6 salaries)	₹2.5 L/yr - ₹4.1 L/yr
6 years (3 salaries)	₹1.4 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.8 L/yr

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Similar Designation salaries in SBI General Insurance

Business Development Manager Salary

(582 salaries)

₹1.6 L/yr - ₹5.3 L/yr

Branch Manager Salary

(17 salaries)

₹5.75 L/yr - ₹10.5 L/yr

Senior Business Development Manager Salary

(282 salaries)

₹3.4 L/yr - ₹8 L/yr

Area Sales Manager Salary

(85 salaries)

₹7.5 L/yr - ₹24.55 L/yr

Business Development Associate Salary

(37 salaries)

₹1.95 L/yr - ₹3.5 L/yr

Senior Sales Manager Salary

(14 salaries)

₹4.4 L/yr - ₹6.15 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹9.7 L/yr - ₹12.4 L/yr

Area Business Manager Salary

(4 salaries)

₹8.3 L/yr - ₹15 L/yr

Deputy Manager Salary

(174 salaries)

₹3.7 L/yr - ₹10.04 L/yr

Business Development Executive Salary

(33 salaries)

₹2 L/yr - ₹3.75 L/yr

Salary related reviews for SBI General Insurance

4.0

Rated by 4 employees for salary & benefits

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

Relationship Manager in Gulbarga

Customer Success, Service & Operations Department

5.0

• posted on 16 Mar 2022

4.0

for Salary and Benefits

Likes

It my pleasure to work with Reputed company like SBIG, As we grow old here we learn soo many things about banking as,it's very friendly atmosphere to work there .

Dislikes

Here we see lot of ups and downs and unhappy with Salary hike ,and Soo much off technical issues ....and when things start going gud tat time only company doo one or other changes..... that will impact soo much

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI General Insurance Branch Development Manager Salary FAQs

What is the salary of Branch Development Manager at SBI General Insurance?

Branch Development Manager salary at SBI General Insurance in India ranges between ₹2.5 Lakhs to ₹4.5 Lakhs for experience between 3 years to 8 years. According to our estimates it is 32% less than the average Branch Development Manager Salary in India. Salary estimates are based on 27 latest salaries received from various employees of SBI General Insurance India.

How does the salary of a Branch Development Manager at SBI General Insurance India compare with the average salary range for this job?

The average salary of a Branch Development Manager at SBI General Insurance is 32% less than the average salary of a Branch Development Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than SBI General Insurance to a Branch Development Manager in India?

Care Health Insurance Branch Development Manager Salary - ₹6.8 Lakhs to ₹8.1 Lakhs per year
Max Life Insurance Branch Development Manager Salary - ₹5.2 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance Branch Development Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz General Insurance Branch Development Manager Salary - ₹4.5 Lakhs to ₹5.5 Lakhs per year
Reliance Nippon Life Insurance Branch Development Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year

What is the salary of a Branch Development Manager in companies similar to SBI General Insurance in India?

SBI Life Insurance Company Branch Development Manager Salary - ₹2.5 Lakhs to ₹5.8 Lakhs per year
Aditya Birla Health Insurance Co Branch Development Manager Salary - ₹3.9 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance Branch Development Manager Salary - ₹3.6 Lakhs to ₹4.5 Lakhs per year
Cholamandalam MS General Insurance Branch Development Manager Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
HDFC Life Branch Development Manager Salary - ₹2.4 Lakhs to ₹4.0 Lakhs per year

What is the estimated take home salary of a Branch Development Manager at SBI General Insurance in India?

The estimated take-home salary of a Branch Development Manager at SBI General Insurance ranges between ₹24,863 per month to ₹26,304 per month in India. The take-home salary calculation is based on the average SBI General Insurance Branch Development Manager salary in India which ranges between ₹2.5 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Branch Development Manager at SBI General Insurance?

According to AmbitionBox, 34% of the SBI General Insurance Branch Development Managers reported a notice period of 1 Month, 29% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 32 responses on AmbitionBox in last 2 years.

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SBI General Insurance Branch Development Manager Salaries

SBI General Insurance Branch Development Manager salary in India ranges between ₹2.5 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 SBI General Insurance latest salaries received from various employees of SBI General Insurance.

SBI General Insurance Branch Development Manager salaries in India

Companies similar to SBI General Insurance for Branch Development Manager

Latest annual salaries shared by SBI General Insurance Branch Development Manager

Experience wise SBI General Insurance Branch Development Manager salaries

Similar Designation salaries in SBI General Insurance

Salary related reviews for SBI General Insurance

Business Development Manager in Gorakhpur

Business Development Manager in Gorakhpur

Sales Manager in Gwalior

Business Development Manager in Vijayawada

Relationship Manager in Gulbarga

SBI General Insurance Branch Development Manager Salary FAQs

Tell us how to improve this page.

SBI General Insurance Branch Development Manager Salaries by Location